Turkey: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Turkey

The Turkish fire extinguisher market declined to $X in 2022, which is down by -6.9% against the previous year. Over the period under review, consumption recorded a slight contraction. Fire extinguisher consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Fire Extinguisher Production in Turkey

In value terms, fire extinguisher production contracted to $X in 2022 estimated in export price. Overall, production, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 225% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Fire Extinguisher Exports

Exports from Turkey

For the fourth year in a row, Turkey recorded growth in shipments abroad of fire extinguishers, which increased by 5.6% to X units in 2022. Overall, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +9.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +97.6% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 40% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, fire extinguisher exports surged to $X in 2022. Over the period under review, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 51% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Iraq (X units), Morocco (X units) and Russia (X units) were the main destinations of fire extinguisher exports from Turkey, together comprising 48% of total exports. Syrian Arab Republic, Libya, Egypt, Uzbekistan, Georgia, Qatar, Turkmenistan, the United Arab Emirates, Serbia and Albania lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +103.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fire extinguisher exported from Turkey were Iraq ($X), Russia ($X) and Egypt ($X), with a combined 35% share of total exports.

Among the main countries of destination, Egypt, with a CAGR of +106.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average fire extinguisher export price amounted to $X per unit, with an increase of 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Syrian Arab Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Fire Extinguisher Imports

Imports into Turkey

In 2022, the amount of fire extinguishers imported into Turkey soared to X units, with an increase of 38% on the previous year's figure. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 61%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, fire extinguisher imports skyrocketed to $X in 2022. In general, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 69% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

Sweden (X units), the UK (X units) and Poland (X units) were the main suppliers of fire extinguisher imports to Turkey, together accounting for 57% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +30.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of fire extinguishers to Turkey, comprising 29% of total imports. The second position in the ranking was held by the UK ($X), with an 11% share of total imports. It was followed by Germany, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden totaled +23.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+3.6% per year) and Germany (+2.0% per year).

Import Prices by Country

In 2022, the average fire extinguisher import price amounted to $X per unit, increasing by 3.1% against the previous year. Overall, the import price recorded prominent growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by 72%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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